The sensor hub market is expected to reach USD 32.53 Billion by 2023, at
a CAGR of 18.9% between 2017 and 2023.

The key driving factors for the growth of the sensor hub market are the
growing need for low power generating solutions. The consumer
electronics end-use application requires low power utilizing devices,
which can function for a long duration without draining the battery at a
fast rate. However, the hardware/architecture complexity to integrate
multiple sensors with microcontrollers and manage it requires a huge
effort and advanced programming skills, thereby making it difficult to
integrate sensor hubs into low range smartphones.

The consumer electronics end-use application is expected to hold the
largest share in the sensor hub market. This growth is attributed to the
extensive use of sensor hubs in smartphones, tablets, smart TVs,
wearables, and gaming consoles. All these devices use sensors for
different activities such as gesture recognition, image stabilization,
navigation, motion-based gaming, and health monitoring. The sensor hub
market for automotive end-use application held the second-largest share
after the consumer electronics end-use application due to the increasing
importance of active safety application in automobiles for passenger
safety and to meet the government safety norms.